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News

UK Government Steps in Over SVB Collapse

13 March 2023 alastair walker 0

The UK government has stepped in quickly to protect 100s of UK tech firms, which partially relied on finance from SVB to grow their businesses. Silicon Valley Bank in the US has gone into administration, […]

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InsureTech

BNP Paribas and Lemonade Working on Renters Cover

15 February 2023 alastair walker 0

Home insurance is traditionally hard to sell to renters, many of whom rent furnished apartments, so they don’t see the value in covering the landlord’s sofas, carpet and beds. But hey, tenants have valuables like […]

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Insurance Regulation

BOE Publishes 2022 Stress Test Feedback to Insurers

24 January 2023 alastair walker 0

The Bank of England, via the Prudential Regulation Authority, has sent a letter to insurers, after stress tesing was carried out in 2022. Generally, the marks are pretty high, although the PRA notes that cyber […]

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News

£10m Fine From The FCA For Metro Bank

12 December 2022 alastair walker 0

Latest from the FCA and another bank receives a fine. The FCA has fined Metro Bank PLC £10,002,300 for breaching the Listing Rules by publishing incorrect information to investors. The FCA has also decided to […]

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InsureTech

NVIDIA Working With Deutsche Bank on Faster, Smarter, Cloud Based Systems

8 December 2022 alastair walker 0

Deutsche Bank has announced a multi-year innovation partnership with NVIDIA to accelerate the use of artificial intelligence (AI) and machine learning (ML) in the financial services sector. Combining Deutsche Bank’s financial industry expertise with NVIDIA’s […]

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Emerging Risk

Chubb Survey Finds People Are Taking Action on Cyber Risk

25 October 2022 alastair walker 0

For the first time, the Chubb annual study on cyber risk finds that more people are taking concrete steps to protect their personal information and data from cyber-attacks.  While the progress is encouraging, poor cyber-security […]

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News

Gatehouse Bank Cops For £1.5m Fine From The FCA

17 October 2022 alastair walker 0

Latest update from the FCA; The Financial Conduct Authority (FCA) has fined Shariah compliant Gatehouse Bank Plc £1,584,100 for significant weakness in its financial crime systems and controls. Between June 2014 and July 2017 Gatehouse […]

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Insurance Brokers

Yes, SMEs Can Earn Interest on Business Bank Accounts

4 August 2022 alastair walker 0

Inflation is approaching 1970s levels in the UK so if you are in business then it’s nice to offset some of that loss by getting 1.5% interest on your working company balance. Here’s the word […]

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